Inceptionr LLC Takes Position in Kontoor Brands, Inc. $KTB

Inceptionr LLC acquired a new position in Kontoor Brands, Inc. (NYSE:KTB) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,521 shares of the company’s stock, valued at approximately $496,000.

A number of other institutional investors have also recently bought and sold shares of the business. Atlantic Union Bankshares Corp purchased a new position in Kontoor Brands during the 2nd quarter valued at about $26,000. Ameritas Advisory Services LLC acquired a new position in Kontoor Brands in the 2nd quarter valued at approximately $35,000. SVB Wealth LLC purchased a new stake in Kontoor Brands in the 1st quarter worth approximately $94,000. Advisors Asset Management Inc. boosted its stake in shares of Kontoor Brands by 240.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,745 shares of the company’s stock valued at $112,000 after buying an additional 1,233 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Kontoor Brands by 196.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,774 shares of the company’s stock valued at $117,000 after acquiring an additional 1,176 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Kontoor Brands Stock Performance

NYSE:KTB opened at $74.35 on Friday. The firm has a market capitalization of $4.13 billion, a PE ratio of 19.16 and a beta of 1.27. Kontoor Brands, Inc. has a 1 year low of $50.00 and a 1 year high of $96.80. The company has a current ratio of 1.91, a quick ratio of 0.82 and a debt-to-equity ratio of 2.53. The firm’s fifty day simple moving average is $78.03 and its 200 day simple moving average is $72.61.

Kontoor Brands (NYSE:KTB) last released its earnings results on Monday, November 3rd. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. The firm had revenue of $853.22 million during the quarter, compared to analyst estimates of $879.10 million. Kontoor Brands had a net margin of 7.68% and a return on equity of 63.21%. The business’s revenue was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 EPS. Kontoor Brands has set its FY 2025 guidance at 5.500-5.500 EPS. Q4 2025 guidance at 1.640-1.640 EPS. On average, sell-side analysts anticipate that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Monday, December 8th will be given a $0.53 dividend. The ex-dividend date of this dividend is Monday, December 8th. This represents a $2.12 annualized dividend and a yield of 2.9%. This is an increase from Kontoor Brands’s previous quarterly dividend of $0.52. Kontoor Brands’s dividend payout ratio (DPR) is presently 53.61%.

Analyst Ratings Changes

A number of research analysts have commented on KTB shares. BTIG Research restated a “buy” rating and issued a $95.00 target price on shares of Kontoor Brands in a research note on Tuesday, November 4th. UBS Group increased their price objective on Kontoor Brands from $114.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kontoor Brands in a research note on Tuesday. Wells Fargo & Company boosted their target price on shares of Kontoor Brands from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. Finally, Baird R W raised shares of Kontoor Brands to a “strong-buy” rating in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Kontoor Brands has a consensus rating of “Moderate Buy” and an average price target of $96.00.

Kontoor Brands Profile

Kontoor Brands, Inc, a lifestyle apparel company, designs, produces, procures, markets, distributes, and licenses denim, apparel, footwear, and accessories, primarily under the Wrangler and Lee brands. The company operates through two segments: Wrangler and Lee. It licenses and sells apparel under the Rock & Republic brand name.